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Montpelier,VT 05602
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,700 sqft
Price per Sqft $169
MLS Listing ID 5022765
Bedrooms 9
Full Baths 7
Construction Status Existing
Year Built 1878
Annual Tax Amount $14,835
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Well maintained 7 Unit building in sought after "Meadows" neighborhood between downtown and Hubbard park. 9% cap rate with room for increases in rents makes this an attractive investment. Tenants pay heat and electricity. Entirely updated electrical and recent updates make this a low maintenance solid investment. Super easy to rent these great units with quick walk to downtown and Hubbard park, yet tucked away on a quiet street. Owner went through and updated each apartment in the building as they became available over the past 14 years. Every piece of electrical replaced in that period and most of the plumbing. Extra time and care was given to updates with an eye towards quality, low maintenance and longevity. Enormous parking area gives the tenants much sought after off street parking. More than 1 unblocked parking spot per bedroom with a back yard and front yard. All the roofs other than the very upper roof have been replaced. Insulation and weatherization have been improved throughout. Pride of ownership is evident throughout this multi family. Seller is also the listing agent, a licensed real estate agent in the state of Vermont. Extremely limited assisted showing windows available. Showings 12pm to 2pm on Friday 12/6 and Monday 12/9. Property is smoke free, and mostly pet free. No cats or dogs. Super low maintenance yet attractive siding. Make an appointment as this one won't last.
Location
State VT
County Vt-washington
Area Vt-Washington
Zoning Residential 3000
Rooms
Basement Entrance Walk-up
Basement Concrete Floor,Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable,Gas - LP/Bottle,Multi Phone Lines,Telephone Available
Roof Type Corrugated,Membrane,Shingle - Asphalt
Building
Story 3
Foundation Fieldstone
Sewer Public
Construction Status Existing
Schools
Elementary Schools Union Elementary School
Middle Schools Main Street Middle School
High Schools Montpelier High School
School District Montpelier School District